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Dec 29, 2012
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. >> we need two words, presidential leadership on not just taxing rich people, we could tax all the rich people and cut their heads off and it wouldn't help the medicare fiscal cliff. >> reporter: with time running out hopes for a grand bargain have diminished with talk now of a smaller deal that extend bush tax rate for the middle class and extends unemployment benefits but puts off major spending cuts and reform to entitlements like medicare. >> we're going to end up with a small kick the can down the road bill that creates another fiscal cliff to deal with this fiscal cliff. >> reporter: with expectations for a deal low, lawmakers are now talking about how to retroactively fix any damage done by going over the cliff in the new congress. in washington nicole collins, fox news. >>> we are, of course, going to have much more on the fiscal cliff negotiations coming up at 10:30. a republican and democratic strategist will face off here and talk about the prospects for reaching a deal. >>> a strike that could have shut down ports all over the east coast have been averted for now. the l
. >> we need two words, presidential leadership on not just taxing rich people, we could tax all the rich people and cut their heads off and it wouldn't help the medicare fiscal cliff. >> reporter: with time running out hopes for a grand bargain have diminished with talk now of a smaller deal that extend bush tax rate for the middle class and extends unemployment benefits but puts off major spending cuts and reform to entitlements like medicare. >> we're going to end up with a...
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Dec 28, 2012
12/12
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tax increases and other spending cuts will fall into place over time. but not with unemployment insurance. unemployment americans who rely on federal aid will be cut off on january 1st, 2013. however, there is some good news on the unemployment front. the four-week average of job claims dropped to roughly 356,000. it's the lowest level since march 2008. but unfortunately, the national unemployment rate is still 7.7%. and if republicans in congress fail to accuracy millions of unemployed americans will be off to a very rough start for the new year. for more on this let's turn to the reverend dr. haines iii, senior pastor at friendship west baptist church. dr. haines, welcome to the show. >> thank you, professor dyson. >> isn't it ironic, dr. haines, through this entire debate the focus has been on the wealthiest americans paying more taxes, not people who will lose unemployment benefits come january 1st? you're the pastor of a huge church in dallas that talks about poverty and social injustice. what's your reaction to this? >> well, not only is it ironic
tax increases and other spending cuts will fall into place over time. but not with unemployment insurance. unemployment americans who rely on federal aid will be cut off on january 1st, 2013. however, there is some good news on the unemployment front. the four-week average of job claims dropped to roughly 356,000. it's the lowest level since march 2008. but unfortunately, the national unemployment rate is still 7.7%. and if republicans in congress fail to accuracy millions of unemployed...
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Dec 24, 2012
12/12
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CNNW
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. >>> nine days left before you face a new year with higher taxes. apparently a fiscal cliff solution is not wrapped up as a gift under your christmas tree. makers are home for the holidays. house speaker john boehner is in ohio, president obama is in his native hawaii. you'll hear about a last ditch effort that may happen after the holiday. that story just a few moments away here as well. >> a united states senator was arrested for drunk driving early sunday morning. idaho republican was taken to jail in alexandria virginia after midnight. he was stopped for running a red light and charged with driving under the influence. the senator has issued an apology. he was released on $1,000 bond and he has a court date. >>> christmas, two days away, and for much of the country it's going to be a white one. heavy snowfall has blanketed several states up to five feet of snow is expected. snow is also falling back east as well. like lake effect snow has blanketed areas around cleveland and buffalo. high winds are threatening to delay flights in new york, phila
. >>> nine days left before you face a new year with higher taxes. apparently a fiscal cliff solution is not wrapped up as a gift under your christmas tree. makers are home for the holidays. house speaker john boehner is in ohio, president obama is in his native hawaii. you'll hear about a last ditch effort that may happen after the holiday. that story just a few moments away here as well. >> a united states senator was arrested for drunk driving early sunday morning. idaho...
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Jan 1, 2013
01/13
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3 after weeks and weeks of meetings...in an early morning ssssion, the senate approves a measuue on tax increases andd spending cuts. ccts.as ed ayne reports...the measure noo goes to the house oo representatives. representatives. --reporter pkk-as folllws --at the stroke of midnight, ann americans were celebrating and ringing in the new year. but the mood in ashington was much more serious.vice president joe biden went too capitol hill late onday night after senate eaderr struck a deal with the whhte house. back intoosession...and around 2-a-m.. the vote was in."the bill as amended is passed."in an 89-to-8 vote, the senate approvvd a measure that puts off sppnding cuts for two months and keeps thh bush-era tax cuts for individuals earning less thann$400,000 and couples eerning llss than $450,000. senate majority leader harry reid said their goal as to prottct america's middll cclss.miidle class the assuuance that their taxes - won't go up 22-hundred doolars each. they'll have the certaintt o plann ow they'll pay for groceries, rent, car senate minority leader mitch mcccnnell said repub
3 after weeks and weeks of meetings...in an early morning ssssion, the senate approves a measuue on tax increases andd spending cuts. ccts.as ed ayne reports...the measure noo goes to the house oo representatives. representatives. --reporter pkk-as folllws --at the stroke of midnight, ann americans were celebrating and ringing in the new year. but the mood in ashington was much more serious.vice president joe biden went too capitol hill late onday night after senate eaderr struck a deal with...
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Dec 29, 2012
12/12
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we know the republicans are going to lose the fight of taxes because tax rates are going to go up for every -- the only question is how many people they go up for. so if you already know what the outcome is going to be, the question is how much punishment do they want to take? it is possible that they would wait after january 1. they could say we're going to cut taxes now instead of vote to allow them to go up. gwen: let's move on. because there's one more thing we want to go to. from iran to syria to libya to egypt to israeli, palestinian standoff over gaza, the obama administration's wishes have seldom been.raedpt >> we and the world haveed join in condemning the brutality of the assad regime. >> no one wants to determine what happened that night in benghazi more than the president and i do. >> and this administration has either been guilty of colossal incompetence or engaged in a coverup. >> a red line should be drawn right here. before iran completes the second stage of nuclear enrichment necessary to make a bottom. >> -- bomb. >> i will not keep american es in harm's way a single
we know the republicans are going to lose the fight of taxes because tax rates are going to go up for every -- the only question is how many people they go up for. so if you already know what the outcome is going to be, the question is how much punishment do they want to take? it is possible that they would wait after january 1. they could say we're going to cut taxes now instead of vote to allow them to go up. gwen: let's move on. because there's one more thing we want to go to. from iran to...
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this means most people's taxes will stay the same and income tax rate also go up but only to the highest earners. unemployment benefits will keep coming for those that have been out of work the longest and spending cuts for government programs and the military will be on hold a couple of months, giving congress more time to figure out how to reduce the deficit with other kinds of changes. that was just the senate working in the middle of the night. the house of representatives comes in today with pressure on them to make a deal as well and to cast a vote. that fiscal cliff has arrived but it looks like a solution is in place. andrea? >> thanks, kelly. your voice sounds a little like mine this morning. >> reporter: indeed. >>> doctors treating secretary of state hillary clinton for a blood clot in her head say they're confident she'll make a full recovery. more from chief science correspondent robert bazell. happy new year, robert. >> reporter: happy new year to you, andrea. the story could be a lot worse. it now appears that hillary clinton was in a dangerous situation, but it's been res
this means most people's taxes will stay the same and income tax rate also go up but only to the highest earners. unemployment benefits will keep coming for those that have been out of work the longest and spending cuts for government programs and the military will be on hold a couple of months, giving congress more time to figure out how to reduce the deficit with other kinds of changes. that was just the senate working in the middle of the night. the house of representatives comes in today...
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Dec 29, 2012
12/12
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higher taxes, capital gain taxes because we don't have any clear picture yet on what reid and mcconnell might be crafting. >> harris: wow. people getting out of market suddenly. which companies stand to lose if that happens? >> this is a really interesting list of companies that was actually compiled by goldman sachs. we were reporting this today. these are companies that get 50% of their sales, or more, from the u.s. government. deals of the government. lockheed martin, granted construction. grumed. saint jude medical. motorola, waste manage: these are companies that not only have big contracts with the government but employ a lot of people who should these contracts not be renewed to the extent they are right now. those employees could be facing an uncertain future. >> harris: wow, at a time when we're still trying to generate enough jobs to break even at the end of the month. >> that's right. >> harris: adam shapiro, thank you. three police officers recovering from a rampage that played out inside their police station. it happened in southern new jersey. they say a man police had arr
higher taxes, capital gain taxes because we don't have any clear picture yet on what reid and mcconnell might be crafting. >> harris: wow. people getting out of market suddenly. which companies stand to lose if that happens? >> this is a really interesting list of companies that was actually compiled by goldman sachs. we were reporting this today. these are companies that get 50% of their sales, or more, from the u.s. government. deals of the government. lockheed martin, granted...
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Dec 27, 2012
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will pay more in payroll taxes. families making between 40 and $65,000 a year will have to pay an extra two grand to the government. gregg: coming up we'll talk with republican nick mulvaney whose house budget committee is obviously on the forefront of the fiscal talk. so we'll try to get the latest from him in just a moment. patti ann: meanwhile, gregg, we have new warnings from the treasury department that if a fiscal deal isn't reached our government will have to turn to extraordinary measures when the debt limit hits its ceiling. $16.4 trillion probably on monday. fox business network's stuart varney joins us now. hi, stu. you say this is the big story people aren't talking about? >> it is a sleeper issue, patti ann. on monday the government officially runs out of money and it can not borrow anymore. so it will have to shift all kind of cash around to make sure they can pay their bills and maybe they can do that for a couple of months. means you can kick the can, eight weeks be maybe, until the absolute crunch c
will pay more in payroll taxes. families making between 40 and $65,000 a year will have to pay an extra two grand to the government. gregg: coming up we'll talk with republican nick mulvaney whose house budget committee is obviously on the forefront of the fiscal talk. so we'll try to get the latest from him in just a moment. patti ann: meanwhile, gregg, we have new warnings from the treasury department that if a fiscal deal isn't reached our government will have to turn to extraordinary...
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Dec 28, 2012
12/12
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that's just one day before the fiscal cliff deadline when income tax cuts and payroll tax cuts are set to expire, $110 billion worth of spending cuts kick in, and two million jobless americans lose their unemployment benefits. for the first time, leader reid said today that it looks like the nation is going to go over the fiscal cliff, but that may just have been bluster, jeff, to try to put more pressure on republicans. >> glor: so, nancy, the house coming back on sunday. is that a good sign? >> reporter: well, it is in the sense that if the senate does manage to pass something, the house would be here to vote on it, as well. originally, speaker boehner had told his members that he would give them 48 hours' notice if they were needed back here at the capitol, but there was a recognition, i think, that it just looked bad for the house to be gone when we were so close to the fiscal cliff deadline. >> glor: nancy cordes, thank you. major garrett has been following developments at the white house. major, what is the president's next move? >> reporter: it is not a breakthrough but it is a
that's just one day before the fiscal cliff deadline when income tax cuts and payroll tax cuts are set to expire, $110 billion worth of spending cuts kick in, and two million jobless americans lose their unemployment benefits. for the first time, leader reid said today that it looks like the nation is going to go over the fiscal cliff, but that may just have been bluster, jeff, to try to put more pressure on republicans. >> glor: so, nancy, the house coming back on sunday. is that a good...
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Dec 29, 2012
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but it will include the education tax credit and the child tax credit and the earned income tax credit. these are refundable tax credits that affect mostly low-income people. so that will be on the table. but, you know, the republicans, the disdain that i have seen for poor people, from people who are struggling, like senior citizens on medicare and social security, for low-income people and the women, infant, and children program, we saw the republicans last week vote to spending cuts that would literally take food out of the mouths of hungry babies and in this country, you want to talk about crisis, fiscal crisis, et cetera, a crisis is that one out of five american children is hungry at some point during the year. that is just immoral. and they voted to even cut that. and so i agree with you. i think we have to talk about the consequences for real people. middle class, and as the president said tonight, those who aspire to the middle class. and that would include the unemployed right now, and we're going to extend unemployment insurance benefits. >> yeah, that's critical. gop source
but it will include the education tax credit and the child tax credit and the earned income tax credit. these are refundable tax credits that affect mostly low-income people. so that will be on the table. but, you know, the republicans, the disdain that i have seen for poor people, from people who are struggling, like senior citizens on medicare and social security, for low-income people and the women, infant, and children program, we saw the republicans last week vote to spending cuts that...
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Dec 29, 2012
12/12
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it included keeping the bu era tax break force the middle class but raisi tax rates on incomeser v ov 250,000 dollars a. year predeont alse wan a to extend unempyment w benefits omfor se 2 million americans who will lose them in the new year. and a proposal would delay any spending cuts. the president asked for an up or down vote on his plan unless there is a counter proposal that will pass both the house and senate. a little more than an hour after the meeting began, several participants were seen leaving. >> and back at the capital the senate's democratic majority leader harry reid and republican minority leader mitch mcconnell offered their takes on the meeting. >> we had a good meeting down at the white house. we are engaged in discussions, the majority leader, myself and the white house, in the hopes that we can come forward as early as sunday and have a recommendation that i can make to my conference and the majority leader can make to his conference. and so we'll be working hard to try to see if we can get there in the next 24 hours. and so i'm hopeful and optimistic. >> whatev
it included keeping the bu era tax break force the middle class but raisi tax rates on incomeser v ov 250,000 dollars a. year predeont alse wan a to extend unempyment w benefits omfor se 2 million americans who will lose them in the new year. and a proposal would delay any spending cuts. the president asked for an up or down vote on his plan unless there is a counter proposal that will pass both the house and senate. a little more than an hour after the meeting began, several participants were...
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Dec 31, 2012
12/12
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. >> the taxes will go up on most americans. huge cuts kick in. >> i think it is obvious president obama wants us to go over the fiscal cliff. >> president obama blamed republicans. >> they say the biggest priority is making sure they deal with the deficit in a significant way. they are behaving in a way that they're only priority is that the tax breaks for the wealthiest americans are protected. blacks mitch mcconnell is vowing to find out. -- >> mitch mcconnell is vowing to find out. >> can the senate veteran help congress tumble to a deal on the last day? >> if we do go off the fiscal cliff, congress would be more likely to make a deal. members could claim they are cutting taxes. >> thank you. if america does fall off the fiscal cliff on the first of the year, maryland would be hit hard. hundreds of millions of dollars and tens of thousands of jobs lost. >> we have a lot of federal workers and businesses that rely on the federal government. many are watching the negotiations closely. if partisan politics prevail and they cann
. >> the taxes will go up on most americans. huge cuts kick in. >> i think it is obvious president obama wants us to go over the fiscal cliff. >> president obama blamed republicans. >> they say the biggest priority is making sure they deal with the deficit in a significant way. they are behaving in a way that they're only priority is that the tax breaks for the wealthiest americans are protected. blacks mitch mcconnell is vowing to find out. -- >> mitch mcconnell...
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Dec 28, 2012
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tax increases, massive tax reductions to the military. republicans really stand and the notion is appalling about who wins, but the republicans win because the economy is going to go out yet another fiscal cliff. george w. bush is not the president. obama is the president, he is not putting forth proposals to work with republicans. he will have to take ownership of this. they need to come up with a cohesive message about real economic growth and shrinking the size of government. they don't have a message and that is going to be the big question about who wins and long-run. jon: if we go over the cliff, i mean, everyone's paycheck, just about -- come january 1, it will be shrunk because government is going to be taking a much bigger chunk out of it. that will infuriate people. are they going to be blaming president obama? >> well, they won't be blaming president obama because polls show that they are blaming republicans. republicans are not really coming to the table. we had an election, and we had an election where voters clearly supporte
tax increases, massive tax reductions to the military. republicans really stand and the notion is appalling about who wins, but the republicans win because the economy is going to go out yet another fiscal cliff. george w. bush is not the president. obama is the president, he is not putting forth proposals to work with republicans. he will have to take ownership of this. they need to come up with a cohesive message about real economic growth and shrinking the size of government. they don't have...
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Jan 1, 2013
01/13
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following breaking news out of washington where lawmakers have reached a deal on the fiscal budget and the tax deal -- >> now, will i be able to have a part -- >> no, you will not be allowed -- >> who might come on? >> vice president biden. and we'll bring on wolf blitz person. >> who is on the show? >> he's not on the show. >> is he on the new bravo show? >> no, he's not. >> and rihanna live here on cnn singing "ode to anderson," "calvin harris and swedish house mafia. who's calvin harris? >> okay, let me take this part. isha, help me. >> brooke is in new orleans tonight. we'll check in with her a little bit later. >> i wonder if anybody will be drunk when brook baldwin is in new orleans. it will be like a roundtable, "meet the press" type of thing. >> did you ever make out with david gregory? >> no. >> i have a little thing for him. >> you a thing for everybody. you have a thing for david gergen. >> david gergen, just google me, trust me, ladies. >> also john zarella is in key west, florida. giant shoe sigh 88, filled with a drag queen named sushi. >> she's kind of our honey boo boo. we put
following breaking news out of washington where lawmakers have reached a deal on the fiscal budget and the tax deal -- >> now, will i be able to have a part -- >> no, you will not be allowed -- >> who might come on? >> vice president biden. and we'll bring on wolf blitz person. >> who is on the show? >> he's not on the show. >> is he on the new bravo show? >> no, he's not. >> and rihanna live here on cnn singing "ode to anderson,"...
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Jan 1, 2013
01/13
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so everyone who earns income is going to see a 2% tax increase on those payroll taxes. the estate tax, there was a compromise here. that's going to go up from 40% from 35. a real compromise there. they did prevent the alternative minimum tax from expanding. one year extension of long-term unemployment benefits. one year delay in the 27% cut to medicare providers. something really important to those of us who buy milk. temporary extension of some of the farm bill. and that's going to prevent dairy prices from spiking as much as $2 a gallon. they also voted to block $900 pay increase for themselves. >> taxes, melanie we know they are for the most part dealt with. there is still a fight brewing in february. we're talking about the debt ceiling again. >> reporter: that's right. i don't know how many people are aware we did surpassed the debt limit yesterday. treasury secretary is doing financial fenagling to get the u.s. to pay debts through february. that is when we'll have this debt ceiling fight again. house republicans saying they are not willing to raise the debt ceili
so everyone who earns income is going to see a 2% tax increase on those payroll taxes. the estate tax, there was a compromise here. that's going to go up from 40% from 35. a real compromise there. they did prevent the alternative minimum tax from expanding. one year extension of long-term unemployment benefits. one year delay in the 27% cut to medicare providers. something really important to those of us who buy milk. temporary extension of some of the farm bill. and that's going to prevent...
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Dec 28, 2012
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estate tax, maybe not. the important though, i think, is mcconnell and the senate is important, but ultimately john boehner has said he wants the majority of republican members of the house to vote for whatever deal happens. that's a key factor. they have to agree to something that president obama also agrees to. that's a big gap. basically he's -- i don't know that there's 120 house republican votes for that yet. plan b was voted on, a -- house republicans wouldn't approve of that, either. the how is like a big block here on any kind of permanent deal. >>> i want to bring in debbie wasserman schultz, florida democrat and head of the dnc. congresswoman, when you look at what's happening today, you know, this meeting that's going to be happening at 3:00 p.m., what's going to be talked about there, what do you think? >> look, as long as the leaders are talking, there is still time for us to hammer out a deand prevent us from going over the fiscal cliff. what will be talked about today is what do the outlines
estate tax, maybe not. the important though, i think, is mcconnell and the senate is important, but ultimately john boehner has said he wants the majority of republican members of the house to vote for whatever deal happens. that's a key factor. they have to agree to something that president obama also agrees to. that's a big gap. basically he's -- i don't know that there's 120 house republican votes for that yet. plan b was voted on, a -- house republicans wouldn't approve of that, either. the...
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Dec 30, 2012
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68% and secondly the death tax. 55% rate -- how fair -- >> let's go to the death tax. 6,000 of the wealthiest wealthiest estates are the difference between what president obama wants and jon kyl wants, $119 billion over ten years. for those 600,000 estates to give $119 billion away and instead take it out on cuts on medicare and roads and education is unconscionable. >> if you look at the bigger picture for a second, we've known for two years that these tax cuts would be expiring the day after tomorrow or the end of the day tomorrow. we've known these automatic cuts, the so-called -- this was going to be happening for more than a year. aren't you a little embarrassed as leaders in the congress that it has gotten to this point that tomorrow is new year's eve, the day it all expires, and you still don't have an agreement? i mean, we've been having this argument for two years. >> it is embarrassing but almost every disagreement we've had is not because of a senate where we've had lots of -- we've come to agreement on many things. there are 50 hard right people in the house who don't want to comp
68% and secondly the death tax. 55% rate -- how fair -- >> let's go to the death tax. 6,000 of the wealthiest wealthiest estates are the difference between what president obama wants and jon kyl wants, $119 billion over ten years. for those 600,000 estates to give $119 billion away and instead take it out on cuts on medicare and roads and education is unconscionable. >> if you look at the bigger picture for a second, we've known for two years that these tax cuts would be expiring...
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in the past record lows speaks ill of this congress are not imposing new regulations are increasing taxes. that's one way of looking at it. the way most people look at it i tested two bytes record of popularity approval rating is that this is a congress that has been defined by dysfunction in gridlock, a congress in which half a loaf has never been better than none. there were compromises really seem to be a foreign policy, naming a policy for him to the world's great deliberative body. >> you actually think that people are granted 2010 it got elected or the people ran before and it now ascended to positions of leadership believes that go with a solution or they were like that to not do things i supposed to do things? >> well, again, from a class of 2010 and our effort to the the 87 freshman, the so-called tea party class of the 112 congress, their belief is they are doing precisely what the people who elected them did, which is rolled back obama initiatives, cut spending. a lot that the debt ceiling should not be increased under a circumstances where they feel like i was a failure. but t
in the past record lows speaks ill of this congress are not imposing new regulations are increasing taxes. that's one way of looking at it. the way most people look at it i tested two bytes record of popularity approval rating is that this is a congress that has been defined by dysfunction in gridlock, a congress in which half a loaf has never been better than none. there were compromises really seem to be a foreign policy, naming a policy for him to the world's great deliberative body....
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Dec 27, 2012
12/12
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all the tax votes you want, they're all tax cut votes. and conservative republicans believe their bargaining position improves. you reported on the debt limit but that becomes more of a concern as february approaches. they think they have leverage there to come bean the debt limit with the debate over more spending cut and more leverage on what they want from taxes. so there are strong voices on both sides so they say go over. >> warner: we better fasten our seat belts. ed to >> brown: still to come on the "newshour": a ban on adoptions from russia; the impact of austerity in greece; the tea party and the fiscal cliff and the administration's environmental record. but first, the other news of the day. here's kwame holman. >> holman: wall street was down much of the day, but trimmed its losses after news that the house will convene sunday to focus on the fiscal cliff. in the end, the dow jones industrial average shed 18 points to close at 13,096. the nasdaq fell four points to close under 2,986. also today, the labor department reported th
all the tax votes you want, they're all tax cut votes. and conservative republicans believe their bargaining position improves. you reported on the debt limit but that becomes more of a concern as february approaches. they think they have leverage there to come bean the debt limit with the debate over more spending cut and more leverage on what they want from taxes. so there are strong voices on both sides so they say go over. >> warner: we better fasten our seat belts. ed to >>...
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Dec 31, 2012
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appeared to be over. >> i can report that we've reached an agreement on all of the tax, the tax issues. we are very, very close. as the president just said, the most important piece, the piece that has to be done now is preventing the tax hikes. >> reporter: there was no a greenlt what to do about across-the-board spending cuts known as sequestration due to start tomorrow. democrats wanted to delay the cuts by a year. and the president served notice that even then he would insist on a balanced approach. >> now if republicans think that i will finish the job of deficit reduction through spending cuts alone, if they think that's gos to be the formula for how we solve this thing, then they've got another thing coming. that's not how it going to work. >> reporter: for his part senator mcconnell said that issue should not tan in the way of a tax deal. >> let's be clear, we'll continue to work on finding smarter ways to cut spending. but let's not let that hold up protecting americans from the tax hike that will take place in about ten hours. >> reporter: but other senate republicans brideel
appeared to be over. >> i can report that we've reached an agreement on all of the tax, the tax issues. we are very, very close. as the president just said, the most important piece, the piece that has to be done now is preventing the tax hikes. >> reporter: there was no a greenlt what to do about across-the-board spending cuts known as sequestration due to start tomorrow. democrats wanted to delay the cuts by a year. and the president served notice that even then he would insist on...
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>> i don't support tax increases. i campaigned saying i don't support tax increases. i don't want to see added burdens on people who create jobs. i think that's the wrong way to go about this. as you said in my introduction i did defeat bob kerrey by a very wide margin. i did that because nebraskaians elected me knowing i don't support tax increases. >> woodruff: i asked you because in this deal that's coming out of of or came out of the senate that is house is now cover considering 99% of americans will keep their tax cuts. less than 1%, people earning over $450,000 a year, you're saying that is still unacceptable? >> of course we have to provide those tax cuts to the 99%. but we're playing politics by doing it. we're saying okay we're going to provide tax cuts for these people but the rest they have to pay more. we don't need to create more division in this country. i mean just look at washington. i'm on the outside right now until thursday. look at washington. it is so polarized. and talk like that just makes it worse. >> woodruff: the argument that there should be
>> i don't support tax increases. i campaigned saying i don't support tax increases. i don't want to see added burdens on people who create jobs. i think that's the wrong way to go about this. as you said in my introduction i did defeat bob kerrey by a very wide margin. i did that because nebraskaians elected me knowing i don't support tax increases. >> woodruff: i asked you because in this deal that's coming out of of or came out of the senate that is house is now cover considering...
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Dec 26, 2012
12/12
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keep those tax rates where they are. not raise taxes and boehner rejected that. he had opportunity -- excuse me, i'm still talking. he has opportunity now to do exactly what the republicans say they want and boehner rejects it. >> it is beyond revenue. it is about spending. that is our problem. >> you can stop going over cliff first of the year. >> what about spending that got us in bind we're in? none of the revenue that will be generated will make a dent in our spending especially the 6 trillion the president has --. patti ann: brad, democrats are arguing, you know obama won re-election and that means voters prefer his economic strategy and it is really the republicans obligation to bend here. what do you say to that? >> that is nonsense. the president has no mapped date. if anything, we have more division today than we did back on election day. the electorate may have wanted divided governing but they're not going to expect the kind of gridlock we've had the last four years. look they control the senate and white house. when the president controlled all branch
keep those tax rates where they are. not raise taxes and boehner rejected that. he had opportunity -- excuse me, i'm still talking. he has opportunity now to do exactly what the republicans say they want and boehner rejects it. >> it is beyond revenue. it is about spending. that is our problem. >> you can stop going over cliff first of the year. >> what about spending that got us in bind we're in? none of the revenue that will be generated will make a dent in our spending...
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Jan 1, 2013
01/13
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just romney, the taxes. the biggest story of the year was journalists didn't cover the story. >> greg: throw benghazi in that was well. >> andrea: nonstory. programming note. catch kimberly and greg tonight on fox news channel all american new year's eve broadcast at 11:00 p.m. >> greg: we'll be in a hot tub. >> kimberly: no, we won't. >> eric: waiting for ball to drop. what did you say? you lost your pants in a hot tub somewhere? don't go away. much more to come. special including a look at some of the wild moments of the past year on "the five." don't miss it. ♪ ♪ ♪ ♪ >> kimberly: hello. welcome back to "the five" new year's eve special. to stuff we covered this year that we hope will go away in 2013. okay, i'm going to begin right here. if around the take. story i don't want to hear again or phrase is "fair share." this was a key component to the 2019 election. the president did use the phrase repeatedly. much to his success, ultimately. in the outcome of the election. the first time we saw a majo
just romney, the taxes. the biggest story of the year was journalists didn't cover the story. >> greg: throw benghazi in that was well. >> andrea: nonstory. programming note. catch kimberly and greg tonight on fox news channel all american new year's eve broadcast at 11:00 p.m. >> greg: we'll be in a hot tub. >> kimberly: no, we won't. >> eric: waiting for ball to drop. what did you say? you lost your pants in a hot tub somewhere? don't go away. much more to come....
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Dec 31, 2012
12/12
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and the american people know that restoring the bush tax cuts is not a tax cut. it's a continuation of the status quo of the last 12 years. as was done two years ago. when you allow some of those tax cuts to lapse, taxes are higher than they were before. so the idea that obama could run as a tax cutter when he's been demanding tax increases his entire presidency, and we're about to start the conversation of $1 trillion of obama care taxes over the next decade, obama and the democrats' tax cutters will be laughed out of the park. >> with respect, he's just won the election on that basis, hasn't he, that he would tax the rich more, and give away candies to those on $250,000 or below. you know, the democrats have long opposed the bush era tax cuts. but now they have this as a new pledge, simply to win power. >> well, interestingly, what's happened is the president has moved 98% of the way towards the republican position. he opposed the bush tax cuts. he said they were a bad idea, both in 2001 and 2003. and now he's talking about wanting to maintain 98% of them or so
and the american people know that restoring the bush tax cuts is not a tax cut. it's a continuation of the status quo of the last 12 years. as was done two years ago. when you allow some of those tax cuts to lapse, taxes are higher than they were before. so the idea that obama could run as a tax cutter when he's been demanding tax increases his entire presidency, and we're about to start the conversation of $1 trillion of obama care taxes over the next decade, obama and the democrats' tax...
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Dec 31, 2012
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tax rates for all americans will increase. democrats want higher taxes on familles earning 250-thousand-dollars a year and over. republlcans want tax rates to stay where they arr. útaaes seem to bbe compromise. others want to see government spending put in check. presiddnt obama says... he's willing toodo that. "i offereddover a trilliin dollars in additional spending cuts ss hht we would have two dollars of spending cuts for every one dollar of increased revenue." "the senate ssands in recess"" the senate is scheduled to reconvene at 11-a-m. even if lawmakers don't come to angreement tooight... you probably won't see a drastic change in your next paycheck. that's because businesses pikely used 20-12 withholdingg would happennrtain about what - happen.if you want to see how much your taxes would go upp pgreement.. go to foxbaltimroe dozens of people in baltimore gathered over the weekend to protest violence....targeted at gays nd esbians. lesbians.it comes after thh bruual beating of a young man on christmas night in eaat bal
tax rates for all americans will increase. democrats want higher taxes on familles earning 250-thousand-dollars a year and over. republlcans want tax rates to stay where they arr. útaaes seem to bbe compromise. others want to see government spending put in check. presiddnt obama says... he's willing toodo that. "i offereddover a trilliin dollars in additional spending cuts ss hht we would have two dollars of spending cuts for every one dollar of increased revenue." "the senate...
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Dec 31, 2012
12/12
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tax rates. we'll also see unemployment benefits expire for millions and also, those automatic spending cuts, those will affect the defense department, other federal agencies. so there are some immediate effects here, michelle. >> we're looking at some live pictures now of the house floor. tell me, what will the president do if the senate cannot come up with an agreement? >> reporter: well, the president says if senators reid and mcconnell can't bring him an agreement, that he is going to ask senator reid to bring up his own plan it extend the bush- era tax cuts for the middle class and also to save the unemployment benefits. he is going to bring it up for an up-or-down vote. he says if republicans don't want it they should say no, but the public should know. >> we'll have to see what happens. danielle nottingham live in washington, thank you. >>> and remember, you can keep track of the fiscal talks anytime by logging on to our website, cbssf.com. >>> what do they say, work expands to fill the av
tax rates. we'll also see unemployment benefits expire for millions and also, those automatic spending cuts, those will affect the defense department, other federal agencies. so there are some immediate effects here, michelle. >> we're looking at some live pictures now of the house floor. tell me, what will the president do if the senate cannot come up with an agreement? >> reporter: well, the president says if senators reid and mcconnell can't bring him an agreement, that he is...
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Dec 28, 2012
12/12
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the whole conversation has been about tax hikes. i mean, you can't -- you're talking about how many tax hikes and who is going to be involved, but we really need to address the spending issue. >> dan greenhouse, do you agree? >> more or less. i'll take issue with what mandy just said about cutting austerity. we know there's going to be a fiscal contraction next year. nothing in what these guys agree upon will add to the level of austerity. the types of things that we're talking about, adjusting the cpi used to compute social security benefits down the road, those types of things are not real austerity, and so we really shouldn't be worried about that in terms of 2013. >> so you see growth, dan? you see the stock market moving up? you see a year that will still be positive for us in all of those respects, even if we do have, for example, massive spending cuts and tax hikes, that's what you're seeing? >> i take issue with the word massive, and i'm sure rick will as well. we think next year will be okay in of everything, but, again, to
the whole conversation has been about tax hikes. i mean, you can't -- you're talking about how many tax hikes and who is going to be involved, but we really need to address the spending issue. >> dan greenhouse, do you agree? >> more or less. i'll take issue with what mandy just said about cutting austerity. we know there's going to be a fiscal contraction next year. nothing in what these guys agree upon will add to the level of austerity. the types of things that we're talking...
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Dec 28, 2012
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a new tax coming out. the tax will be put on devices that range from mri's to prosthetics and items in every doctor's office and veterinary offices. it will be passed alongg to consumers and manufacturers say it will result in job loss and stifle innovation and upon send jobs over seas. we went to one manufacturer. adm electronics that employs 19 people to ask them what it means for their industry. >> your company is about to be hit with a 2.3 percent tax on medical devices. >> it means more. it is on gross sales and that can hurt the number of people working for us and number of sales and increase the costs of our device. >> this is a family run business and been in business 40 years. how does it plea out for your company? >> we tried not to lose our employees because we are like family and the devastating impact we may not be able to sustain the number of employees. >> we might have to lay someone off which i have never done before. it is it a tough thing to have to tell somebody. you have no job. >> and
a new tax coming out. the tax will be put on devices that range from mri's to prosthetics and items in every doctor's office and veterinary offices. it will be passed alongg to consumers and manufacturers say it will result in job loss and stifle innovation and upon send jobs over seas. we went to one manufacturer. adm electronics that employs 19 people to ask them what it means for their industry. >> your company is about to be hit with a 2.3 percent tax on medical devices. >> it...
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Dec 31, 2012
12/12
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cut, not a tax increase, because taxes go up january 1st. i think the best way to answer is by telling you what mitch mcdonnell did, the senate republican leader, the point person with the vice president in the past 24 hours in these negotiations. he said, we are so close on almost everything that we should just hold a vote right now. he believes they're there. they have a deal on most of the -- all of the tax issues and most other issues except for one outstanding issue, and that is the sequester, those mandatory spending cuts, how to delay those and in what timetable and in what fashion. democrats simply haven't -- we haven't heard from harry reid yet but privately democrats are saying we're not ready to do that yet because we still don't think we have a deal. mitch mcconnell trying to push things along by saying that publicly, he's fine with voting on all of the things they have agreed on right now. >> dana, let's get back to this procedural issue. the vote in the house presumably tomorrow, but that only follows a vote in the senate. that
cut, not a tax increase, because taxes go up january 1st. i think the best way to answer is by telling you what mitch mcdonnell did, the senate republican leader, the point person with the vice president in the past 24 hours in these negotiations. he said, we are so close on almost everything that we should just hold a vote right now. he believes they're there. they have a deal on most of the -- all of the tax issues and most other issues except for one outstanding issue, and that is the...
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Dec 27, 2012
12/12
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five days away from the tax hike. as you probably know, the president pulled the plug on his holiday trip to hawaii and arrived back in washington after 11:00 this morning in hopes of locking in taxes as they are right now for all but the wealgyest 2 percewealgy e wealthiest 2%. the house is telling us no, that is not the case. i got jessica yellen standing by and we have dana barb who is standing by and they are there on capitol hill. what is the mix up between sending a plan and not sending a plan by the president? >> hi, john. the bottom line is both sides want to take action and before senat senator mcconnell decides whether to filibuster the measure and whether the other republicans in the party will filibuster, they have to see the details in the proposal. will there be an estate tax provision? how will unemployment which is expected to be extended? will it be paid for? what spending measures will be in this and spending cuts, etc. there will be more details spelled out and where will that come from? will it com
five days away from the tax hike. as you probably know, the president pulled the plug on his holiday trip to hawaii and arrived back in washington after 11:00 this morning in hopes of locking in taxes as they are right now for all but the wealgyest 2 percewealgy e wealthiest 2%. the house is telling us no, that is not the case. i got jessica yellen standing by and we have dana barb who is standing by and they are there on capitol hill. what is the mix up between sending a plan and not sending a...
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Dec 24, 2012
12/12
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people ma taxes will go up for everyone. you can see the numbers here, 40 to 65,000, it's $2,000 of a tax hike. so as constituents, if they were to call you and they say why is this happening, what are you going to say to them? >> well, first of all, that's not going to happen. we may go off the cliff on january 1st but we would correct that very quickly thereafter. what i'm telling them is the reason it's happening is we have idey ideologues in the house of representatives who don't believe there's a fiscal side of the budget. they're focused on cutting spending in unprecedented ways and they don't believe in taxes essentially. on the budget committee we've seen this day in and day out. these members of the house, and i don't know how many of them there are, but at least 50 or 60 basically have established a record in which ne hathey have firmly embraced the concept of not raising taxes and serious cuts that they put themselves in a box and they really can't get out and that's really tying up everything. because we can do a
people ma taxes will go up for everyone. you can see the numbers here, 40 to 65,000, it's $2,000 of a tax hike. so as constituents, if they were to call you and they say why is this happening, what are you going to say to them? >> well, first of all, that's not going to happen. we may go off the cliff on january 1st but we would correct that very quickly thereafter. what i'm telling them is the reason it's happening is we have idey ideologues in the house of representatives who don't...
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Dec 29, 2012
12/12
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seems to be a vote on taxes. democrats will be able to pocket taxes, but it will be separate from spendsing cuts from the outset and then likely there will be another set of negotiations after the new year that will have spending cuts and taxes in it. that sounds like a recipe for democrats getting more in taxes than they would have with an up front deal. are your colleagues worried about that at all or are you? >> first of all, you are enlightening me so something that i was not aware of. that was not the conversation i had with my colleagues across the aisle or with the minority leader. so, you have information that i don't have. look, we cannot solve the problem with taxes you have to do both. this country is in trouble fiscally and financially as well as ratings. if we do not do something significant, we will have a rating problem. and there will come a time that we cannot afford the interest. what is the best thing that we can do now, given the political dynamics in washington that actually makes difference
seems to be a vote on taxes. democrats will be able to pocket taxes, but it will be separate from spendsing cuts from the outset and then likely there will be another set of negotiations after the new year that will have spending cuts and taxes in it. that sounds like a recipe for democrats getting more in taxes than they would have with an up front deal. are your colleagues worried about that at all or are you? >> first of all, you are enlightening me so something that i was not aware...
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Dec 30, 2012
12/12
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peopleville to pay in because the alternative minimum tax won't be patched. taxes will go up. spending cuts over time will happen as well. the stock market, i think the stock market will be hit hard. but again, here i am saying, let's do this. i have the most to lose of anyone i know. it's the only way to fix the economy. it's the best thing for the economy. >> okay. take us through what each side is wanting. >> here's what the deal is. president obama wants tax cuts to expire for everyone except those making $250,000 a year. john boehner's plan "b" was anyone making under $1 million a year. neither seemed to work. it looked like president obottomma was coming back with the same deal, $250. they are miles apart. they are miles apart. >> there is a big divide. andrea, you were able to speak with a number of people on the hill. what reaction are you getting? >> well, the president has spread these stories and people in his administration that he is going to come to the table with a deal. we have been hearing that all week long. that did not happen. swan dive, we're going off the
peopleville to pay in because the alternative minimum tax won't be patched. taxes will go up. spending cuts over time will happen as well. the stock market, i think the stock market will be hit hard. but again, here i am saying, let's do this. i have the most to lose of anyone i know. it's the only way to fix the economy. it's the best thing for the economy. >> okay. take us through what each side is wanting. >> here's what the deal is. president obama wants tax cuts to expire for...
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Dec 28, 2012
12/12
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KGO
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. >> reporter: the fiscal cliff would bring massive tax increases and deep spending cuts. the treasury department would have trouble paying its bills. many economists worry the financial woes would plunge the u.s. back into a recession. just one possible effect of the fiscal cliff. milk prices could spike $2 or $3 a gallon, because farm programs will expire at the end of the year. some are calling that dairy cliff. live in new york, wendy gillette. >> wendy gillette in new york. thank you. >>> the country has lost one of its great warriors. tributes are pouring in this morning for retired general norman schwarzkopf. the general died yesterday in tampa after a battle with pneumonia. schwarzkopf commanded "operation desert storm" that drove iraqi forces from kuwait. in retirement, he championed causes. norman schwarzkopf was 78. >>> now, to former president george h.w. bush's condition. his chief of staff says he will be in the hospital for a while. the 41st president is recovering from a terrible case of bronchitis with a series of complications. she says that mr. bush is g
. >> reporter: the fiscal cliff would bring massive tax increases and deep spending cuts. the treasury department would have trouble paying its bills. many economists worry the financial woes would plunge the u.s. back into a recession. just one possible effect of the fiscal cliff. milk prices could spike $2 or $3 a gallon, because farm programs will expire at the end of the year. some are calling that dairy cliff. live in new york, wendy gillette. >> wendy gillette in new york....
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Dec 31, 2012
12/12
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paul says: "you will raise taxes nd feel good cause you will stick it to rich people. but guess hat, you may not get more revvnue."davis says (oncam tag): "operationally, the ccuntry is going ttogo ff thh cliff beccuseethere's throoghhbooh chambers before midnight. ut tax hikes and before they maae aa impact..in pashington, jennifer davis, fox ews." whhle the fiscal cliif resolution hangs in the ballnce...americans could soon breathe a sigh of relief when it comes o milk prices. prices.lawmakers agreed to &psign a one year extension ff the u-s farm bill... that woulddstop prices frrm doubling in 2013.the compromise was reached in he house of representatives' agriculture commmttee...the &psenate... and the be siined b the president. a violent weekend in baltimore.... as police investigate four separate ssoot. shootings. the latesttinnvolves man shot road anddbryant avenue. we &pwere on the scene as homicide p:30 last night. hey found the man with multippe gun shot wounds... the inveetigatioo backed up &ptrrffic as detecttves searche for clues. police haven't released an
paul says: "you will raise taxes nd feel good cause you will stick it to rich people. but guess hat, you may not get more revvnue."davis says (oncam tag): "operationally, the ccuntry is going ttogo ff thh cliff beccuseethere's throoghhbooh chambers before midnight. ut tax hikes and before they maae aa impact..in pashington, jennifer davis, fox ews." whhle the fiscal cliif resolution hangs in the ballnce...americans could soon breathe a sigh of relief when it comes o milk...
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Dec 31, 2012
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>> okay, if you tax people over $250,000. >> wait a second, okay. >> tax them over a million, you might bring in on the best of years, you might bring-- wait a second you might bring in 80 billion dollars for a year. 60 billion of that is already spoken for in storm damage relief hurricane sandy. you're doing nothing towards getting a deficit situation solved, nothing at all. >> that's it. >> and you slow the economy and the deficit is worse in the future. >> and the republican party say that we shouldn't have-- we're talking. >> what? >> rate-aphobes, and grover cleveland or whatever-- >> that's the president. >> and took millions off the roles, 0 probable did and a fair 10% tax bracket and-- >> and a lot of those people-- why do you jeopardize all of the tax cuts for rich people? >> people who understand this think that that defense is disgusting, for ten years all they said was that president bush only provided tax cuts that benefitted the rich. that was a talking point for years. all of a sudden, it's like, oak, well, he we didn't mean that. >> a lot of that was true. >> and in the
>> okay, if you tax people over $250,000. >> wait a second, okay. >> tax them over a million, you might bring in on the best of years, you might bring-- wait a second you might bring in 80 billion dollars for a year. 60 billion of that is already spoken for in storm damage relief hurricane sandy. you're doing nothing towards getting a deficit situation solved, nothing at all. >> that's it. >> and you slow the economy and the deficit is worse in the future. >>...
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Dec 28, 2012
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and all tax rates will go up on income tax and estate taxes and all the bad stuff will happen, and how that's good politics. >> look, politicians are creatures of narrow self-interest. from the self-interested standpoint of a republican house member from a safe district who fears a primary challenge, yes, it's better for them to wait three days, cast -- go over the cliff, cast a vote to cut taxes and basically screw all the people who are going to be affected by it preserving their own jobs than it is to agree to a tax increase now and risk the wrath of the tea party right two years from now. >> chris, let me ask you about another possible, i hope it doesn't happen. next tuesday or next wednesday when the market reopens on january 2nd and they fully realize at that point that this cliff has been gone over and the congress has failed to meet its own targets which it set itself when it set this cliff up, who will pay the price if, say, the market drops 500 or 1,000 points and keeps dropping for two or three days and that creates the chances for a second dip, a second recession? who will
and all tax rates will go up on income tax and estate taxes and all the bad stuff will happen, and how that's good politics. >> look, politicians are creatures of narrow self-interest. from the self-interested standpoint of a republican house member from a safe district who fears a primary challenge, yes, it's better for them to wait three days, cast -- go over the cliff, cast a vote to cut taxes and basically screw all the people who are going to be affected by it preserving their own...
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Dec 29, 2012
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democrats will say they need that much in taxes, too. and because they've already raised rates, they got those middle class tax cuts extended, and the rich ones expired, they'll be open to do hitting through tax reform, which will be easier for republicans to swallow. let's say they do get the one to one match. that will be an $800 billion tax increase for a $1.4 trillion revenue increase in total. so democrats could easily end up when all of this is said and done with more revenue than president obama was asking for a week ago. and it will happen if it happens, because over and over and over and over again, john boehner and the house republicans could not take yes for an answer. they had to say no to this president. so they kept delaying until they were weaker. they pushed negotiations from 2011 where they were very strong, until 2012, right after the president had won re-election, and now they're pushing to to 13, after the fiscal cliff hits and they get blamed. it is an odd way to negotiate. to get one republican view on what will com
democrats will say they need that much in taxes, too. and because they've already raised rates, they got those middle class tax cuts extended, and the rich ones expired, they'll be open to do hitting through tax reform, which will be easier for republicans to swallow. let's say they do get the one to one match. that will be an $800 billion tax increase for a $1.4 trillion revenue increase in total. so democrats could easily end up when all of this is said and done with more revenue than...
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Dec 31, 2012
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it's a tax on the value of the equipment or the land that has already been taxed with a property tax or a tax on the equipment. so there is a reason to have some accommodation in the death tax so that we will not face more unemployed people who work for a family-owned business or farm, and that is a -- it is if not the number-one issue of the farm bureau of this country, it's certainly in the top two or three because they know, they know what it's like to have to sell land that is not produive at a value that is not realistic and pay a tax, and a 55% tax is pretty confiscatory. so, mr. president, i do hope that we can come together on a bipartisan basis because if we don't come together on a bipartisan basis, nothing will get done bause we have the house that is looking to the united states senate, that is supposed to be the adult in the room, and they are looking at us to see how the votes turn out. and we need a large majority on both sides of the aisle to accepted to the houseomething that has a firm stamp of approval from this body. and we need the president to be a player here a
it's a tax on the value of the equipment or the land that has already been taxed with a property tax or a tax on the equipment. so there is a reason to have some accommodation in the death tax so that we will not face more unemployed people who work for a family-owned business or farm, and that is a -- it is if not the number-one issue of the farm bureau of this country, it's certainly in the top two or three because they know, they know what it's like to have to sell land that is not produive...
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Dec 28, 2012
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that's when automatic tax hikes and spending cuts go into effect. senate majority leader harry reid says even if something gets done now there may not be enough time to get it through congress. we'll just wait to see what happens. >> we have been waiting a long time. >> i know. >> hopefully the deadline will help. >>> we have a big holiday weekend and a wee bit of rain. >> that's this afternoon the right now it's cold. that's what we'll focus on in the meantime. cold temperatures are dipping below freezing now. look at fairfield, that's just dropped to 31 degrees. some people scraping some frost off their windshields this morning. 39 in vallejo. 35 santa rosa. so all that blue tells us it's chilly. and unfortunately by this afternoon, well, i guess it's fortunately if you like the cold weather, but it is going to be slightly cooler today than yesterday. a lot of low 50s. 52 santa rosa. only 50 in fairfield. a little more mild around the bay, 54 in oakland and fremont. as frank just mentioned, the rain, light rain set to hit the bay area friday after
that's when automatic tax hikes and spending cuts go into effect. senate majority leader harry reid says even if something gets done now there may not be enough time to get it through congress. we'll just wait to see what happens. >> we have been waiting a long time. >> i know. >> hopefully the deadline will help. >>> we have a big holiday weekend and a wee bit of rain. >> that's this afternoon the right now it's cold. that's what we'll focus on in the meantime....
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Dec 27, 2012
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the president's tax plan he campaigned on for five years which is to let the tax plan expire for households making less than $250,000. he would add unemployment insurance. the thinking here is he would potentially also add extending the estate tax cut. the estate tax has been at a relatively low level. it expires also at the ipd of the year. but, you know, this is all you know, to'ing and fro'ing right now to see if it's possible to pass anything to keep most americans' taxes where they are before the end of the year when everybody's tax go up. >> we heard from senator reid earlier today. they were dealing, in his words, with a dictatorship. are we expected to hear from him or any of the players from the hill in terms of trying to move this forward, whether it's publicly, in the public arena or privately? >> we are. we're told we should expect to hear from the senate republican leader mitch mcconnell. the senate is in and he will likely take to the floor we're told and give a status report from his perspective. what we're talking about right now in the senate is whether or not the democrats
the president's tax plan he campaigned on for five years which is to let the tax plan expire for households making less than $250,000. he would add unemployment insurance. the thinking here is he would potentially also add extending the estate tax cut. the estate tax has been at a relatively low level. it expires also at the ipd of the year. but, you know, this is all you know, to'ing and fro'ing right now to see if it's possible to pass anything to keep most americans' taxes where they are...
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Dec 28, 2012
12/12
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FOXNEWSW
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a lot of finger pointing and no answers as i said and just days remaining until tax increases and spending cuts all kick in and we all feel the pain. mike emanuel live with the news for us tonight on capitol hill. top democrats seem to be suggesting they cannot cut a deal without republican help. >> well, harris, that is right. and so they are asking what it will take to at least get some republican support. they say time is so critical. they cannot just roll out new legislation only to have the republicans reject it. we know president obama called the top four congressional leaders last night on his way back from hawaii. tomorrow afternoon at the white house will be a meeting between the president and those top four congressional leaders and earlier the top senate democrat expressed concern or frustration saying you cannot legislate with yourself. >> the republicans in the house have left town. the negotiations between the president and the speaker have fallen apart as they have for the last three and a half years. we have tried mightily to get something done. >> now, perhaps in an effort
a lot of finger pointing and no answers as i said and just days remaining until tax increases and spending cuts all kick in and we all feel the pain. mike emanuel live with the news for us tonight on capitol hill. top democrats seem to be suggesting they cannot cut a deal without republican help. >> well, harris, that is right. and so they are asking what it will take to at least get some republican support. they say time is so critical. they cannot just roll out new legislation only to...
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Dec 28, 2012
12/12
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KTVU
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it will soon mean higher sales tax and higher income tax on the state's top earners. the fiscal cliff would add to that hitting all americans with higher taxes. >> i don't know, there's a word to describe how upset the public is going to be. nobody's going to be happy to see that happen. >> if taxes go up on everybody it's not going to be a happy time. but i think that's inevitably what's going to happen. >> they say the lowest income folks will see their take home pay shrink just over three and a half%. average earners 4% and top earners 6%. >> another sign the housing market is improving, the national association of realtors says pending home sales rose last month to the highest level in 2 and a half years. pending sales rose nearly 2% in november and that's the third month in a row it's gone up. >> amazon had a green christmas season. they announced the 2012 holiday sales were the biggest ever. they had several record setting days including cyber monday when customers ordered 26 and a half million products. they won't give exact numbers but say sale of the kindle d
it will soon mean higher sales tax and higher income tax on the state's top earners. the fiscal cliff would add to that hitting all americans with higher taxes. >> i don't know, there's a word to describe how upset the public is going to be. nobody's going to be happy to see that happen. >> if taxes go up on everybody it's not going to be a happy time. but i think that's inevitably what's going to happen. >> they say the lowest income folks will see their take home pay shrink...
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Jan 1, 2013
01/13
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CNBC
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may they manipulated the tax rate through aggressive but legal accounting treatment or maybe they bought back stock. >>> the latter, the bought back stock earning surprise is now regarded as a loser by the smart professionals are even though a lot of people are fooled by it. it only indicates a smaller share cap and not that the profits were better than what anyone was loobing for. almost all the food and drug company generate what i call, a slight of hand up side surprise. and that is where they can't manage the real thing. they do not have real growth. this is the dirty secret. the reason the big boys do not care about the up side surprises, any large enough company with a half way competent management and gocfo that is in a good predictable line of business can make sure they beat the streets expectations, along as the quarter is not really bad. food and drug companies use buy backs to generate earnings per share based on up side surprise. that is how they beat the estimates. it doesn't take anything special. it doesn't indicate that things are in a way better, it just tells you that
may they manipulated the tax rate through aggressive but legal accounting treatment or maybe they bought back stock. >>> the latter, the bought back stock earning surprise is now regarded as a loser by the smart professionals are even though a lot of people are fooled by it. it only indicates a smaller share cap and not that the profits were better than what anyone was loobing for. almost all the food and drug company generate what i call, a slight of hand up side surprise. and that is...
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Jan 1, 2013
01/13
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KPIX
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. >> sales tax right here tomorrow, 9.5%. >> sales tax right here tomorrow, 9%. >> reporter: the tax from prop 30 will last the next four years. in el cerrito, mike sugerman, cbs 5. >>> coming up in the next half hour a live report from washington, d.c. the latest on the "fiscal cliff" fiasco. and we'll look more closely at one part of the budget debate that's drawn a lot of attention, the possibility of skyrocketing milk prices. >> and a new report on the benghazi disaster levels more harsh criticism of the state department. >> the california supreme court hands down one last ruling on bumper cars in 2012 next. >> and one more fireworks extravaganza before the break and this might qualify as the biggest of the year. earlier we showed you taipei 101. here's the world's tallest building, the burj khalifa that serves as the centerpiece for the fireworks in dubai. oh, my gosh, that's amazing. we're back in 2.5 minutes. ,,,,,, ...so as you can see, geico's customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we'r
. >> sales tax right here tomorrow, 9.5%. >> sales tax right here tomorrow, 9%. >> reporter: the tax from prop 30 will last the next four years. in el cerrito, mike sugerman, cbs 5. >>> coming up in the next half hour a live report from washington, d.c. the latest on the "fiscal cliff" fiasco. and we'll look more closely at one part of the budget debate that's drawn a lot of attention, the possibility of skyrocketing milk prices. >> and a new report on...
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Dec 30, 2012
12/12
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WTTG
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analysts say taxes on people making between 50,000 and $75,000 a year will go up an average of $2400. >> whenever we come up -- whatever we come up is going to be imperfect. some people aren't going to like it, some people will like it less but that's where we are. i feel confident that we have an obligation to do the best we can and that was made very clear in the white house. >> reporter: president obama says it's important for congress to vote on some type of package before the fiscal cliff deadline expires. >> if an agreement isn't reached in time between senator reid and senator mcconnell, then i will urge senator reid to bring to the floor a basic package for an upor -- up or down vote, one that protects the middle class from a hike, extends insurance to 2 million americans looking for a job and lays the groundwork for future cooperation on more economic growth and deficit reduction. >> the current congress only be in session until january 3rd. after that, 13 new senators and 82 new house members will take over and inherit this huge problem, right out of the congressional gate.
analysts say taxes on people making between 50,000 and $75,000 a year will go up an average of $2400. >> whenever we come up -- whatever we come up is going to be imperfect. some people aren't going to like it, some people will like it less but that's where we are. i feel confident that we have an obligation to do the best we can and that was made very clear in the white house. >> reporter: president obama says it's important for congress to vote on some type of package before the...
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Dec 30, 2012
12/12
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CNNW
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the alternative minimum tax. a lot of money that they're scrambling to find as they also deal with the tax issues. so it's really going to depend on what those numbers look like and boehner doesn't entirely have a sense until he has a senate proposal to try to sell to his house side. >> i just want to remind our viewers, we will join fareed zakaria, "gps" in progress as we watch the senate floor and the senate in general. for any signs of progress. there used to be the hastert rule, a majority of the majority, most republicans, in this case they're at majority, must support a bill before denny hastert would put it on the house floor. i don't get a sense that's where speaker boehner is. >> you could imagine a scenario where the house could pass an agreement that's reached in the senate, with a minority of republicans and dozens of democrats make up the difference. that would essentially be john boehner falling on his sword, diving on the grenade and giving up his speakership. you know, democrats might say this wou
the alternative minimum tax. a lot of money that they're scrambling to find as they also deal with the tax issues. so it's really going to depend on what those numbers look like and boehner doesn't entirely have a sense until he has a senate proposal to try to sell to his house side. >> i just want to remind our viewers, we will join fareed zakaria, "gps" in progress as we watch the senate floor and the senate in general. for any signs of progress. there used to be the hastert...